Singapore’s COSCO Corporation has announced that its subsidiary, COSCO (Dalian) Shipyard has secured a contract to convert the crude tanker ‘Sunrise Jewel’ to a floating production, storage and offloading (FPSO) vessel for a Japanese shipowner.

The FPSO for the Japanese ship-owner has been designed to operate for 20 years without dry-docking. It will have a capacity of the crude oil processing of 28,600 Sm3/day of liquid, gas processing and compression of 8,000,000 Sm3/day and a storage capacity of 1,600,000 barrels of oil.